THE Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. TUESDAY, MAY 20, 1879.

Thames Star, Volume X, Issue 3198, 20 May 1879, Page 2

THE Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. TUESDAY, MAY 20, 1879.

Sic Julius Yo&ei. cannot be accused of showing a want of interest in the welfare of the colony he represents, for almost every mail brings intelligence that the requirements of the Colony are discussed in some of the leading journals and magazines of the day, or other means taken to bring our position before the public of Great Britain, and the world at large. Only a mail or so ago wo gave extracts from a long article furnished by him to the Princetownßeview, in which he dwelt at great length on the present position of the Colonies of Great J?rifcain and their future. J&y our telegrams from "Wellington we learn that the T.;me3 of that city reviews a paper by our Agent-General wriltan for and published in a new magazine, named "Time, 1' with the object of impressing on the Imperial Goverament the necessity of further supporting the Colonies by guaranteeing their loans. He demands this as a right, and shows that in effect, although this is almost already done, yet the mere declaration of such a policy by the Home Government would enormously benefit its Colonies, without inflicting any injury upon the British ratepayer. This project is in keeping with Sir Julius Vogel's advanced views, and the benefit to these Colonies cannot be too highly estimated, like the inscription of Colon^il stock, another of his projects, which gave such stability Lo our loans that they are now the favourites of the money-lender, the guaranteeing of future loans would give them the position of Imperial schemes, and consequently of greater value to the speculator. Sh Julius points out that but little risk will be incurred by adopting such a course for, not only will the Imperial Government have the right of refusing their sanction to such and such loans, but, having the appointment of the Governors, can exercise supervision over their borrowing powers. This control, so to speak, in addition to the Colonial law in force, that no revenue can be employed for any purpose so long as there is unpaid interest on a lean, or the principal is due, should place the Imperial Government in the position of making perfectly sure that no unnecessary risk was incurred, or liabilities undertaken affecting the interests of the ratepayers of ihe United Kingdom. We shall not be surprised to find the suggestion adopted by the Home authorities, and a benefit conferred upon the Colonial position of the Empire that will tend more to its future advancement that at this day can be estimated.